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Makes aerospace fuel systems, actuators and industrial control components used in aircraft engines and turbines.
Makes aerospace fuel systems, actuators and industrial control components used in aircraft engines and turbines.
Sells components that are designed into an engine or aircraft years before production, then earns again from spares, repair and overhaul as the fleet ages. Aerospace is the larger of its two businesses, and it makes fuel nozzles for the CFM LEAP engine, a leading narrow-body jet engine; the industrial side supplies controls for gas turbines and engines.
Moat: narrow (customer qualification, IP / patents, installed base). Long-cycle aerospace qualification and content on engine platforms create high switching costs.
Headquarters: Fort Collins, Colorado, US · Founded: 1870 · Employees: 10,200
Size Woodward (WWD) is a United States Industrials company (Industrial Machinery) with a market value of $18.7B, the 514th largest of 3,117 United States companies the cockpit tracks. Shares closed at $317.31 on 6 Nov 2026.
Performance Over six months the shares fell 14.2%, against -4.8% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 22.4% over the last twelve months (peer median +7.1%); the operating margin is 15.8% (peer median 18.1%).
Valuation It trades at 31.0× forward earnings against a peer median of 22.9× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.5 points above its cost of capital (9.1% WACC).
Backlog Backlog (remaining performance obligations) was $4.12B at 30 Jun 2026, up 31% on a year earlier — 1.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 2.1% of the free float (15 Oct 2026).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.19B | $3.57B | $3.32B | $2.91B | $2.38B |
| Revenue growth | — | +7% | +14% | +22% | — |
| Gross profit | $1.24B | $956M | $876M | $678M | $525M |
| EBITDA | $784M | $624M | $594M | $463M | $187M |
| Net income | $552M | $442M | $373M | $232M | $172M |
| Free cash flow | $377M | $340M | $343M | $230M | $141M |
| Capital expenditure | $209M | $131M | $96.3M | $76.5M | $52.9M |
| Total debt | $1.37B | $728M | $900M | $747M | $803M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Woodward WWD | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% |
| Parker Hannifin PH | $116B | +4% | +8% | 22% | 24.4× | 19.0% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| Moog MOG-A | $10.3B | +3% | +16% | 12% | 27.8× | 15.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WWD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | -4.6% | 8th highest of 21 |
| 6-month return | -14.2% | -4.8% | 8th lowest of 21 |
| Distance from 52-week high | -29.6% | -26.0% | 10th lowest of 21 |
| Revenue growth (TTM) | +22.4% | +7.1% | 2nd highest of 21 |
| Operating margin | 15.8% | 18.1% | 6th lowest of 21 |
| Forward P/E | 31.0× | 22.9× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 18.9% | 15.0% | 4th most demanding of 19 |
| Growth delivered (Del g) | +7.4% | +9.0% | 6th lowest of 19 |
| Hurdle (Req g minus delivered) | +11.5 pp | +4.1 pp | 2nd most demanding of 19 |
| ROIC minus cost of capital | +6.5 pp | +4.3 pp | 9th highest of 20 |
| EV / EBITDA | 25.0× | 16.5× | 2nd most expensive of 17 |
| Net debt / EBITDA | 1.1× | 0.9× | 8th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Woodward WWD | United States | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% | +7.4% |
| VAT VACN.SW | Switzerland | $19.0B | -11% | -2% | 25% | 48.2× | 25.8% | +9.2% |
| Nordson NDSN | United States | $17.3B | +10% | +7% | 27% | 24.5× | 15.4% | +5.6% |
| IDEX IEX | United States | $16.7B | +5% | +7% | 21% | 23.7× | 14.7% | +8.0% |
| Zhejiang Sanhua Intelligent Controls 002050.SZ | China | $21.5B | -28% | +3% | 15% | 33.3× | 23.8% | +20.8% |
| Smc 6273.T | Japan | $21.9B | -27% | +16% | 24% | 15.9× | 16.2% | +8.8% |
| SYM SYM | United States | $22.3B | -30% | +20% | 1% | 101.9× | n/a | n/a |
| Xylem XYL | United States | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% | +13.1% |
| Alfa Laval ALFA.ST | Sweden | $22.5B | 0% | +4% | 18% | 24.2× | 7.9% | +10.9% |
| Ihi 7013.T | Japan | $15.4B | -20% | +8% | 10% | 12.7× | 16.7% | +8.1% |
| Lincoln Electric LECO | United States | $14.9B | +2% | +11% | 18% | 22.0× | 13.3% | +9.7% |
| ACM Research (Shanghai) 688082.SS | China | $14.6B | +30% | +9% | 15% | 54.1× | n/a | n/a |
| Lifco LIFCO-B.ST | Sweden | $13.1B | +1% | +7% | 19% | 29.3× | 15.2% | +15.4% |
| Dover DOV | United States | $27.1B | -7% | +8% | 18% | 17.6× | 12.2% | +3.9% |
| GEA Group Aktiengesellschaft G1A.DE | Germany | $12.6B | +25% | +4% | 12% | 21.0× | 5.8% | +3.5% |
| Veralto VLTO | United States | $28.5B | +35% | +6% | 22% | 24.6× | 8.3% | +4.8% |
| Lennox International LII | United States | $11.7B | -34% | +2% | 19% | 15.3× | 5.0% | +7.4% |
| Madison Air Solutions MAIR | United States | $11.6B | -45% | +27% | 17% | 20.6× | 31.9% | +27.3% |
| Watts Water Technologies WTS | United States | $11.6B | +17% | +17% | 19% | 24.6× | 15.8% | +10.1% |
| Fanuc 6954.T | Japan | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% | +9.2% |
| Gree Electric Appliances, Inc. of Zhuhai 000651.SZ | China | $31.2B | -3% | -11% | 16% | 8.6× | -16.4% | 0.0% |
Woodward reported $4.12B of remaining performance obligations at 30 Jun 2026, up 31% from a year earlier and up 9% from the previous quarter. That is 1.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.31.